T.s.rajam Rubbers Private Limited
ACTIVE
ISIN: INE05XN07051
Issuer Details
Issuer Name
T.S.RAJAM RUBBERS PRIVATE LI...
Type of Issuer
Non PSU
Sector
-
Coupon Rate
13.5%
Industry
-
Issuer nature
Other
Corporate Identity Number (CIN)
U25205TN2018PTC121761
Name of the Lead Manager
-
Registrar
Integrated Enterprises (Indi...
Name of Debenture Trustee
Catalyst Trusteeship Limited...
Instrument Details
Instrument name as on NSDL
13.50% SECURED UNRATED UNLIS...
Face Value (in ₹)
1000000
Total Issue size( in ₹ Cr.)
155
Category of Instrument
PLAIN VANILLA DEBENTURES
Allotment Date
21-09-2023
Redemption Date
21-12-2025
Whether Secured or Unsecured
Secured
Put Option Date
-
Call Option Date
-
Seniority in Repayment
-
Security Measures
Asset Coverage
-
Asset Percentage
-
Details of Asset Cover
First and exclusive ranking charge by way of pledge initially over 7,50,000 issued, fully paid up and voting equity shares of TVS Automobile Solutions Private Limited initially constituting Six point two four percent of the share capital TVS ASPL held by Rajam Mobility Solutions LLP and TVS Mobility Private Limited on such terms, conditions and timelines as stipulated in the pledge agreement to be executed in relation to the same
Asset Type
Details of the security
Movable Asset
An unconditional and irrevocable corporate guarantee provided by TVS MPL
Movable Asset
First ranking pari passu charge by way of pledge to be created over all the issued, fully paid up and voting equity shares of the Company held by TVS MPL and Mr. Ramachandhran Dinesh which constitute 100% (One Hundred Percent) of total equity share capital (taken on a fully diluted basis) of the Company on such terms and conditions as stipulated in the pledge agreement to be executed in relation to the same
Movable Asset
An undertaking provided by TVS MPL that within 2 business day from March 14, 2025, TVS MPL shall pledge such number of unencumbered, issued, fully paid up and voting equity shares of TVS Supply Chain Solutions Limited on such terms and conditions and stipulated in the undertaking to be executed in relation to the same
Movable Asset
First ranking and exclusive charge by way of pledge to be created over such number of unencumbered, issued, fully paid up and voting equity shares of TVS SCS by TVS MPL or any other person on such terms and conditions as stipulated in the pledge agreement to be executed in relation to the same
Movable Asset
Demand Promissory Notes and Letters of Continuity for the Debentures and the applicable interest thereon
Movable Asset
First and exclusive ranking charge by way of pledge initially over 7,50,000 issued, fully paid up and voting equity shares of TVS Automobile Solutions Private Limited initially constituting Six point two four percent of the share capital TVS ASPL held by Rajam Mobility Solutions LLP and TVS Mobility Private Limited on such terms, conditions and timelines as stipulated in the pledge agreement to be executed in relation to the same
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About T.s.rajam Rubbers Private Limited bond with ISIN: INE05XN07051
In the competitive landscape of fixed income securities, detailed and comprehensive information is vital for both investors and market analysts. This bond, identified by the unique ISIN INE05XN07051, represents a significant financial instrument. Issued by T.S.RAJAM RUBBERS PRIVATE LIMITED, it comes with the following description: "13.50% SECURED UNRATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. DATE OF MATURITY 21/12/2025.". Although the bond is currently marked as active, its structure and historical context provide valuable insights into the world of debentures and non-convertible securities. The issuer, T.S.RAJAM RUBBERS PRIVATE LIMITED, classified as Non PSU, plays an essential role in the market despite some details such as sector, industry, and issuer nature not being explicitly provided. Key identifiers like the Corporate Identification Number (CIN) U25205TN2018PTC121761 further bolster its credibility. With a coupon rate of 13.5, this instrument has been meticulously managed with the assistance of Integrated Enterprises (India) Ltd., Chennai and under the oversight of Catalyst Trusteeship Limited (Formerly GDA Trusteeship Limited), ensuring a strong operational framework. Examining the technical specifications, the bond’s face value is 1000000 with an issue size of 155. It was allotted on 9/21/2023 and is scheduled for redemption on 12/21/2025. Categorized under "PLAIN VANILLA DEBENTURES" and defined as Secured, the instrument is structured to meet specific investment objectives. Although options such as call or put are not applicable in this instance, the core attributes remain detailed and robust. A critical element in evaluating any fixed income instrument is its credit rating. No credit rating information is available for this bond. This insight helps potential investors understand that while the ratings spectrum is broad, a lower rating can indicate higher risk, prompting careful consideration before investing. The security measures add another layer of assurance. The asset cover is described as follows: First and exclusive ranking charge by way of pledge initially over 7,50,000 issued, fully paid up and voting equity shares of TVS Automobile Solutions Private Limited initially constituting Six point two four percent of the share capital TVS ASPL held by Rajam Mobility Solutions LLP and TVS Mobility Private Limited on such terms, conditions and timelines as stipulated in the pledge agreement to be executed in relation to the same – a feature that, while requiring further inquiry for complete details, underscores the issuer’s commitment to providing some level of investor protection. Furthermore, the bond is supported by several documents. There are no additional documents available for this bond. These documents serve as a reference for additional details and provide transparency to interested parties. Additionally, there are similar bonds in the market such as the bond with ISIN INE05XN07044 having a coupon rate of 14.15% and the bond with ISIN INE05XN07036 having a coupon rate of 13.9% and the bond with ISIN INE05XN07028 having a coupon rate of 13.9%. Such comparable instruments offer a broader perspective on market positioning and allow investors to perform benchmark analysis. This detailed description is crafted to meet rigorous content standards and to offer exhaustive insights into every facet of the bond’s structure. Investors, analysts, and researchers alike can derive substantial value from this narrative, which underscores both the instrument’s inherent characteristics and its broader market positioning. Such elaborate coverage enhances investor confidence by providing a rich, comprehensive content base. Every element from issuance details to security measures and comparative insights is meticulously presented to facilitate an informed and robust market understanding.